Russell Investments Group Ltd. Has $2.79 Million Stake in Shake Shack Inc. (NYSE:SHAK)

Russell Investments Group Ltd. lowered its position in Shake Shack Inc. (NYSE:SHAK) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,468 shares of the company’s stock after selling 2,296 shares during the period. Russell Investments Group Ltd.’s holdings in Shake Shack were worth $2,787,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Shake Shack by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock worth $574,497,000 after purchasing an additional 49,883 shares during the last quarter. Geode Capital Management LLC grew its holdings in Shake Shack by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock worth $90,470,000 after acquiring an additional 26,620 shares during the last quarter. Fisher Asset Management LLC increased its position in Shake Shack by 27.0% in the 4th quarter. Fisher Asset Management LLC now owns 449,796 shares of the company’s stock valued at $58,384,000 after acquiring an additional 95,682 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Shake Shack by 27.7% in the fourth quarter. Jennison Associates LLC now owns 375,552 shares of the company’s stock worth $48,747,000 after acquiring an additional 81,441 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Shake Shack by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock worth $46,979,000 after acquiring an additional 8,429 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Securities reissued a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Robert W. Baird lowered their target price on Shake Shack from $98.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Oppenheimer dropped their target price on Shake Shack from $155.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Raymond James set a $145.00 price target on Shake Shack and gave the company a “strong-buy” rating in a report on Wednesday. Finally, Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shake Shack currently has an average rating of “Moderate Buy” and a consensus price target of $122.19.

Shake Shack Price Performance

NYSE:SHAK opened at $83.57 on Friday. The stock has a market capitalization of $3.55 billion, a PE ratio of 363.35 and a beta of 1.80. Shake Shack Inc. has a 1-year low of $72.93 and a 1-year high of $139.89. The firm has a fifty day simple moving average of $94.41 and a 200 day simple moving average of $112.77. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, research analysts expect that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.